704 N Alameda Drive, Muncie, IN 47303

Muncie
Local realty services provided by:ERA First Advantage Realty, Inc.
704 N Alameda Drive,Muncie, IN 47303
$219,900
  • 5 Beds
  • 3 Baths
  • 2,396 sq. ft.
  • Multi-family
  • Active
Listed by: austin richCell: 765-749-4546
Office: nexthome elite real estate
MLS#:202643202
Source:Indiana Regional MLS

Price summary

  • Price:$219,900
  • Price per sq. ft.:$85.6

About this home

Established rental income and a location near Ball State University make this property a compelling addition to an investment portfolio! Leased through July 15th, 2027, at $2,425 per month, the home provides $29,100 in scheduled annual gross rent. Five bedrooms, three full bathrooms, and approximately 2,396 finished square feet, including 1,000 finished square feet in the basement, provide a spacious layout. A tiled foyer welcomes you inside, while basement laundry and off-street parking add everyday convenience. Gas forced-air heat and central air round out the property’s features, and the tenants are responsible for all utilities under the lease. Property is currently leased and tenant occupied. Interior photos were taken when the property was staged and do not reflect current tenant furnishings/occupancy. Furniture, decor and personal property shown in the photos are not included in the sale. Sale is subject to the existing lease and tenant rights.

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Home facts

  • Year built:1920
  • Subdivision & Development:Alameda Place
  • Listing ID #:202643202
  • Added:8 day(s) ago
  • Updated:October 27, 2026 at 05:01 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Concrete, Tile, Wood
  • Kitchen Description:Eat-In Kitchen
  • Basement Description:Finished, Full Basement
  • Living area:2,396 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt
  • Year built:1920
  • Building area:2,396 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Irregular
  • Architectural Style:One Story
  • Construction Materials:Vinyl
  • Exterior Features:Near Walking Trail, Porch Open
  • Levels:1 Story

Schools

  • High school:Central
  • Middle school:Northside
  • Elementary school:Northview

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$219,900
  • Price per sq. ft.:$85.6

Features and amenities

  • Amenities:Ceiling-9+, Countertops-Laminate, Sidewalks, Water Heater Electric

Parking

  • Parking description:Parking Lot
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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